Tunisia: UBCI announces net profit of more than 40 million dinars in 2017

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    The “Union Bancaire pour le Commerce et l’Industrie” (UBCI) has just published its financial statements for the year ended December 31, 2017.

    These statements show a net profit of about 40.5 million dinars compared with 31.7 million a year earlier, representing growth of 27.7%.

    In 2017, the bank saw its operating income rise 17% to 297.9 million dinars against 254.9 million a year earlier.

    These products are shared out as follows: 188.1 million dinars in interest, 51.4 million in commissions, 34.6 million in securities portfolio and 23.8 million in investment portfolio income.

    Banking operating expenses rose by 14.1% to 97.6 million dinars against 85.5 million a year earlier.

    To this end, the Net Banking Income (NBI) is up by 18.3% to 200.3 million dinars. As for the operating result, it stood at the end of last December to 68.2 million dinars against 50.2 million in 2016 thus recording a growth of 35.8%.

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